Why trusted developers such as Shahid Balwa of DB Realty attract greater investments?

Indian home buyers need to focus on working with the top developers in the field. Key business leaders, including Shahid Balwa, have decades of experience in the domain while attracting significant investment from international participants. Additionally, buyers can look to these industry leaders for guidance on where to invest next as well. They’re working on designing some of the most unique buildings across the country.

The path to innovation is always challenging, which is why having a steady influx of investment is key. That’s how home buyers get the best of both worlds, i.e. timely possession and memorable home experience. With the influx of capital into these remarkable projects, it makes the job of the developer that much easier. They’re able to build marquee projects, by analysing organic demand from the consumer end.

Longevity in the industry is key

Trust is acquired over time, which is why longevity is a key factor that all stakeholders should focus on. Longevity is one of the main reasons why industry leaders, such as Shahid Balwa DB Realty and others, have reached the apex of the real estate industry. It also adds to the overall prestige gained over time, which has enabled them to develop remarkable projects.

Longevity is also a critical factor in the industry, owing to the numerous players offering generic outputs. These generic builders focus on short-term investments and deliver delayed projects to waiting consumers. They’re also less clamoured in the market, as their projects aren’t innovative enough to last the test of time.

Longevity can also be attributed to the trust generated locally, as different cities have unique requirements for quality constructions. While some cities may be more prone to seismic activities, others may require weather-proof raw inputs. The care and attention given to local sites, aids in the overall trust generated in the brand name.

Innovation necessitates investment & demand

When developers work on innovative projects, they need access to steady capital. The investment can help in sourcing higher quality raw materials, hiring the best engineers and working with top-tier architects to develop visionary ideas. This adds to the overall trust generated within the industry, adding greater emphasis to them as competition rises.

Innovation is also a critical driver of success when it comes to saturated markets. That’s why metro investors look to infuse capital into projects that have greater amenities, larger carpet areas, and customer-oriented features. Both the investment community and the buyer base will look to these projects favourably, especially when it comes to key factors such as trust.

Strategic initiatives are driven through capital

Strategic investments are often required to drive key initiatives requiring scale. These could include high rise constructions, luxury towers, condo complexes, and beach-side resorts. Capital is the key lifeline of such scale-driven projects, which is why trust is a key factor. Both investors and buyers should know that their valuable capital is going into quality development.

Builders need to demonstrate value-driven initiatives to attract the right type of capital into their base. This adds more trust into the buyer community, who will look towards these favourable investment opportunities in the future. They’re also more willing to shift into these upcoming projects if they’ve been backed by value-driven investors as well.

The overall impact within the location is also positive, as it raises the value of the region holistically as well. Additionally, there is greater support given to these projects, as the developers are more trustworthy. Their focus is unwavering, especially when it comes to more challenging developments.

RBI’s Attempt at Incentivizing NRIs to invest in Indian Real Estate

As a result of the real estate sector suffering a few setbacks in the past few years, the government and the RBI have taken certain initiatives and policy interventions. This has helped attract the attention of investors and buyers and has allowed the sector to slowly gain speed. Cities such as Mumbai are seeing a favourable improvement in the sector.

One of the steps taken by the RBI to incentivize the NRI community to invest in the real estate sector in India was to ease up the regulations binding them. According to Asif Balwa of DB Realty, since the NRIs are a very important source of funds that allows the sector to thrive, this may bring certain positive effects. The new set of norms enables them to make an investment through the automatic route which has simplified the automatic process. It is not necessary for NRI investors to get the approval of the RBI, which means that investors do not need to approach the Foreign Investment Paper Board in order to obtain the approval of investing in the country.

A person of Indian origin, presently residing outside India does not need to seek permission in order to buy an immovable property, the only exceptions being agricultural land, plantation property and farm houses in the country. The NRIs can carry out transactions regarding properties in different ways. Funds are received through normal banking channels within the country, otherwise through inward remittance from an overseas location. The fund may be held in the account of a non-resident, which is maintained in line with the regulations charted by the RBI. No payment can be made through foreign currency notes or traveler’s cheque. As far as agricultural land is not concerned, the NRI does not have to seek the RBI for approval.

This brings certain ease in the investment process and may boost the investments made in the sector. This crucial initiative came up at a time when other policies such as GST and RERA are already impacting the sector. Since investing in real estate is one of the profitable and lucrative investments, apart from shares and fixed deposits, this may give a much-needed push to the NRI community to shift their finances to the sector. This is also because the real estate market is not as volatile as the share or stock market, and brings security and stability.

There was thus plenty of reason to invest in property in the first place, such as the emotional bond created with a property that cannot be replicated by investment in a stock or share. This has now deepened due to the efficiency of the process.

To find out more important news regarding the trends in the real estate industry, and to stay updated with the latest information about the sector, you can look for specific projects like DB Realty Andheri West.

Shahid Balwa Founder DB Realty Ltd - Everything You Need To Know About Co-Living

The skylines of Mumbai are seeing taller buildings, flats and colonies are mushrooming in the city and an ever-increasing population is seeing a demand for more real estate properties. While the real estate sector is blooming under the influence of leaders such as Shahid Balwa, Founder, DB Realty Ltd, youngsters today are seeming to lean towards newer and more innovative options of living.

One such interesting set-up is co-living. Co-living is an accommodation setting wherein fully furnished homes are rented to a few people. These people coexist in a space without the restrictions that bind the more conventional hostel or paying guest type settings that are currently available for single people in urban areas. Co-living is an option that allows the residents to interact freely with the added benefit of privacy, mainly from otherwise intrusive landlords.

The idea is immensely popular amongst millennials, young professionals and students whose priorities and lifestyle choices are quite different from the previous generations. It is an emergent solution for young and unmarried youngsters living in cities, without their families. As much as this generation favours independence, it also acknowledges the need for social interaction and affiliation and so, this setting also provides for the same.

Thus, co-living provides for a more engaging and interesting lifestyle than the more inhibiting ways like paying guests and hostel environments that are overly imposing and come with a set of cumbersome rules. Going beyond the traditional lodging and boarding experience, co-living brings a more sophisticated outlook to the same with the opportunity to cohabit and bond with fellow tenants and providing the feeling of social support without the burden of restrictions.

It is a relief from the isolation and loneliness that comes with shifting to a different city and living amongst unknown people. Moreover, specific needs can be fulfilled for different people in this set-up. For example, tenants can choose between shared or private bedrooms while enjoying the convenience of common kitchens and areas for dining and recreation.

Cities with a large student population and employed youth such as Bengaluru, Pune, Mumbai and Delhi are currently seeing this idea being implemented widely. It won’t be long before this concept finds its way into smaller cities with similar demographics, due to the popularity that it is beginning to enjoy.

According to real estate industry leaders like Shahid Balwa, hotels are also stepping in to offer their expertise in terms of enhancing and organising this free and simple method of rental living. This will only streamline and open up newer avenues for the co-living concept and take it to newer heights.

Need a strong government to stabilise the real estate sector

Narendra Modi-led National Democratic Alliance’s victory has been welcomed by the industry leaders. The real estate industry is in a stage of revival and the real estate leaders were looking forward to a strong and stable government at the centre which would accelerate the growth of the sector.

Shahid Usman Balwa, Vice Chairman & Managing Director of DB Realty says, “The past few months have witnessed the revival of the real estate industry, but the sector is still grappling with a multitude of issues. The ongoing liquidity crisis and the slow pace of environment clearance are acting as impediments in the industry’s path to progress. We have high expectations from the government and are hopeful that it would look into resolving these two issues.”   

Several steps were taken by the government in its first term for the improvement of the industry. RERA brought in more accountability, while the reduction in GST rates and interest subsidy for affordable housing has made it easier for the common man to buy his dream home, thereby realising the government’s aim of “Housing for all by 2022”.

The absence of a single window clearance has negatively impacted the industry. Shahid Usman Balwa of DB Realty further adds, “Unnecessary documentation and delay in getting the clearance are negatively impacting the real estate industry. We expect the government to set up a strong and transparent single window clearance for faster and easy approvals. This would streamline the system thereby benefiting both the developers and the buyers. It is also imperative that the government lowers the interest rates which would make it more affordable to own a home”

With the BJP winning by a huge mandate, there are a lot of expectations from the newly appointed government. The developers are looking forward to some noteworthy initiatives that can bring the industry back on its feet.

MahaRERA: Regulation and Promotion of Real Estate in Maharashtra

The Government of India introduced the Real Estate (Regulation and Development) Act 2016 and it came into effect on 1^st May, 2017.  In the state of Maharashtra, the state government established Maharashtra Real Estate Regulatory Authority (MahaRERA). The primary function of this body is to regulate and promote the real estate sector in the state.

Real estate professionals such as Mr. Shahid Balwa of DB Realty and others have welcomed this decision as it promotes more transparency in real estate dealings, which will encourage more and more people to buy and sell properties without the paranoia of being cheated. Some of the major features of the Act are as follows:

·         Real Estate Projects Registration: The Act has made it mandatory for all real estate projects to be registered except for in some cases. Apartments that are not in excess of 500 sq meters, number of apartments proposed to be built does not exceed more than 8 in all phases or constructions done for renovation purposes are exempted from this clause. Other projects cannot be advertised, put up for sale, marketed or given a tour of for purchase without being registered. If the clause is breached, the defaulter is susceptible to a fine ten times the real estate project’s value.

·         Filing of Complaints: Any aggrieved person can file a complaint with the adjudicating officer or with the MahaRERA. The complaint maybe regarding any violation of the contract between the buyer and registered project builder on the builder’s behalf. It is the authority’s responsibility to quickly address the issue and fast track the whole process, to make sure justice is brought to the complainant as soon as possible.

·         Transparency: One of the central issues that the Act addresses is the issue of transparency within the real estate industry. The Act has made it compulsory for the builders to make certain information regarding the project available online for the buyers to be able access it at any point of time. Information such as the full layout of the plan, phase wise duration of the completion, proposed number of wings to be made, etc, shall all be made public by the builders. The builders should also give quarterly updates regarding the progress of construction.

·         Citizen Centricity: Several clauses in the Act are surrounded around the welfare and protection of the rights of the citizens. The builder cannot make any change in the layout plan after the sanctions if two-third of the allotees don’t agree with the changes, excluding the promoters. If the builder isn’t able to finish the project within the designated time, the builder is liable to pay interest for every month of delay. There are a number of other provisions that are in place to serve the interest of the buyer.

The Act has been hailed for being citizen centric and reforming the real estate sector for good. However real estate professionals feel that not a lot of buyers are aware of the merits of this Act. According to Shahid Balwa, Wikipedia page update on a regular basis and information about the Act should be provided in ample amount on the websites of all builders and real estate firms.